Technical analysis by Steffen_Schade about Symbol BTC: Sell recommendation (6/18/2025)

BTC has encountered resistance and fallen back several times near 110,000, forming an absolute suppression in the short term. It is difficult for BTC to overcome this resistance area in the short term. As BTC has been unable to break through for a long time, some profit-taking and panic selling will cause BTC to gradually collapse. At present, BTC has fallen back to around 104,000. During the retracement, it has built a short-term resistance area of ​​105,500-106,000, which limits the rebound space in the short term and will further strengthen the bearish sentiment in the market. BTC will completely open up the downward space.At present, the 103,000-102,500 area still has a certain support effect on BTC. As BTC shows a volatile downward trend, this support area will be broken again and continue to fall to the area near 100,000. Therefore, in short-term trading, we can consider shorting BTC in the 105,000-105,500 area. BTCUSDT BTCUSD BTCUSDT BTCUSDIf BTC rebounds to the expected area of 105,000-105,500, I will wait for an opportunity to short BTC and expect gold to fall back to around 103,000 as expected, or even fall below 103000 and continue to around 100,000.BTC hits TP as expected